Record any interest that you earn from your bank as bank receipts, or when you post customer receipts.

Posting bank interest earned

1. Go to Bank accounts then select Bank Receipt.
2. Enter the information to record the interest you received:

   Bank*	Enter the nominal code for the bank that received the interest.
   Date*	The current program date appears by default. If required, enter a new date.
   Ref	Enter a reference for the transaction here, for example, Interest.
   N/C*	Enter the Bank Interest Received nominal code. Interest received is income to your business.  Use a nominal code in the Income section in the Chart of Accounts. This includes the Sales nominal codes, 4900 to 4999 in the Sage default nominal structure.
   Details	You can enter any text of up to sixty characters to identify the receipt.
   Net	Enter the amount of interest received.
   T/C*	Enter T9.
   Tax	0.00

   *This information is mandatory.

    

3. Press Save then Close.

• Bank account charges and interest
• Record bank account charges and interest when reconciling your bank
• Bank account charges or interest paid